Sublease Agreement Template
All states | 2 types
A sublease agreement is a legal document between the original tenant and the person willing to lease the same property. Although landlords do not actively participate in subleases, they must give their consent to this kind of business affair.
The relationship between the parties involved in a sublease must be clear from the start and be supported by a sublease agreement. You may find one on Lawrina and read about it below to create a helpful, flawless legal document without extra costs.
When to Use a Sublease Agreement Form
Below are the common situations when you should use a sublease form:
- A third party agrees to sublease the property from the original tenant due to the tenant’s financial incapability to pay the rent, relocation, or other reasons;
- A corporate party wants to rent an extra office space owned by another business entity.
A sublease agreement template by Lawrina is excellent for resolving sublease matters, whether you’re an individual or a legal entity. All you need to do is answer the questions in the sublease contract template so that the answers fit into your legal situation. Then, download the prepared document in a flash.
What Is Included In a Sublease Agreement?
Sublease agreement samples taken from online legal template services like Lawrina must include the following details:
Personal details of the parties involved: Names and addresses of the actively renting tenant, subtenant, and landlord.
Property description: Type of the subleased premises (e.g., office or home) and the specific rented area (e.g., office space or room in a house or apartment).
Rental details: Monetary compensation for the sublease, payment method along with the due date, and the duration of the sublease.
Security deposit details: Amount and the circumstances under which a refund is possible.
Termination conditions: The events or actions that could cause the agreement termination.
Original lease terms: Provisions set forth in the signed lease agreement between the landlord and the tenant. The subtenant must also accept and follow them.
Following these rules may help you craft a sublease agreement template free of charge and legalese-heavy language in minutes. You can also reuse your sublease agreement form for later subleases and tailor the document to each unique situation.
How to Sublease a Property
Subleasing a rental property is a good option for tenants who still want to keep their lease but are unavailable to do so. This can be a temporary or permanent solution but is beneficial for original tenants, subtenants, and landlords as the premises remain habitable and continue providing income.
Read this guide to avoid potential subleasing errors and gain helpful experience with a sublease agreement form:
Review the initial lease agreement.
It is the primary step before you enter into subleasing. Your original lease agreement should typically include the appropriate clause explaining whether subleasing is allowed or forbidden by the landlord.Obtain the landlord’s consent to sublease.
If there is no clause describing property subletting rules, you should ask your landlord for their permission to re-rent the premises. You will need a specific landlord consent to sublease form that you can download for free from Lawrina.Define the subleasing price.
Setting the price for subleasing the property depends on current lease market tendencies and urgency. The more immediately you need to sublease the property, the higher the price should be.Search for a subtenant.
After arranging subleasing matters, prepare a post about your property for potential subtenants. You can advertise the premises on such marketplaces as Airbnb, Sublet.com, Craigslist.org, etc., which can help you attract candidates for complete leases and subleasing.Present the property.
Arrange meetings with interested sublessees and show them the property for rent. Also, provide them with a sample sublease agreement to inform them about the sublease terms, the next steps of each party, payment details, etc.Sign the sublease agreement.
When you have reviewed everything in your sublease contract, sign this legal document. Some U.S. states require notarization, so it’s recommended to check the information on your local government websites.
Subleasing is no longer impossible if you draft a proper sublease template using online legal template sources like Lawrina. This is an up-to-date library of high-quality legal document templates for real estate, personal, and business needs, available for instant edits.
After answering simple legal questions, you will get a free sublease agreement template ready for revision with the counterparty. When everything is arranged, you can sign your sublease agreement to start subleasing. Whenever you need a free sublease agreement, you can always get back to your template in your Lawrina account and tailor the document to your new situation.
Also Read
Frequently Asked Questions
If it doesn't violate the lease or state or municipal regulations, subletting is legal in the U.S. Whether the sublessor may do so depends on the owner-renter agreement. Before renting, read the sublease contract and ask the owner about the regulations.
Subleasing is allowed in the US for residential and commercial buildings. Houses, apartments, condos, townhouses, and even single rooms can be rented. Subleasing is possible for office buildings, retail, and warehouses as well. The original lease and laws control subletting. To find out what sort of property can be leased and if there are any special requirements, read the sublease agreement and chat with the owner.
Before subletting, check your lease for limitations. You require written authorization from the owner. Select the best subtenant from a list of applicants. Create a sublease agreement that covers rent, services, and duties. The subtenant should get the signed rental agreement from the owner and renter. Contact the subtenant and fulfil your contract. After the rental period, the premises must be examined, and the security deposit repaid if required.
Sublease agreements are allowed in the US under specific circumstances. A lease sets rights and responsibilities, like any other legal agreement. A subleasing process is allowed if both parties exchange something of value, like rent. Each party's responsibilities and leasing rights must be detailed in the rent arrangement. The sublet contract must follow the original lease and other requirements. Sublease should be lawful in the U.S.; therefore, consult a lawyer or expert.
A written sublease agreement is advisable regardless of state laws. It is easier, safer, and confirms the agreement. It specifies payment, rental duration, and other terms. It also specifies sublessor and subtenant duties. A documented basic sublease agreement may prove that everyone understands the subletting regulations in a dispute. If you wish to comply with local laws, consult a lawyer or use legal resources.